Kirkwood Home Sales Report

Nest Atlanta Real Estate Market Update for 1Q 2016

Get the Kirkwood home sales report 2016We love being able to share the progress of the Kirkwood real estate market! After reviewing the Kirkwood home sales, there are so many jaw-dropping stats that we want to share with you for the first quarter of 2016 (January - March).  Let's get started....

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MARKET SUMMARY

  • KIRKWOOD HOME SALES:   Over the last five years, an average of 32 Kirkwood homes sold in the first quarter each year.   In 1Q 2016, a total of 40 Kirkwood homes sold.  There weren't any foreclosure sales, one short sale and 15% of the homes were new construction.  There were also quite a few bungalows and ranch style homes that were recently renovated.
  • HOME PRICES:   We saw another BIG SPIKE in the average single family home sales price -- $385,000!  That's $78,000 HIGHER than the same time last year (1Q 2015) and $100K higher than 2007 when the Atlanta real estate market was very strong.    As a Kirkwood homeowner, I'm definitely giving myself a pat on the back (and you should too!)

* Kirkwood home sales ranged in price from $112,000 all the way up to $647,500

* Home values are up 24% from last year (the typical annual increase is 2.5% to 3.5%).

*  To put this in perspective, if your home was worth $300,000 in 2014, it should sell for about $372,000 today!

Get your custom home valuation report - we'd be happy to give you a detailed estimate of your home's current value.

  • HOW QUICKLY ARE HOMES SELLING?  Kirkwood homes sold in 44 days on average, but the median # of days was only 14 -- we think that is a much more accurate reflection, as more than half of the homes sold in 14 days or less.

This quarter we did notice a BIG discrepancy in the time to sell a home in Kirkwood -- a majority of the homes (55%) either sold in less than 2 weeks or took 100+ days (23%) to finally sell.  For those that didn't sell in the first 2 weeks, usually the home wasn't priced at the current market value and the sellers had to reduce the price 1 to 4 times during the listing process.

  • ARE BUYERS STILL PAYING TOP DOLLAR?   Absolutely!  With the low inventory, buyers are willing to do what it takes to win the bidding war.  One out of two Kirkwood homes sold at 100% of the asking price... and almost all of those listings sold in the first 10 days of listing the home.

* TIP:  If you are thinking of selling your Kirkwood home in 2016, don't "pad" the listing price.  If you list your home at the fair market value, potential buyers will typically offer very close to your asking price... and almost 40% will offer at or OVER your list price.  Also make sure your real estate agent has a "Coming Soon" marketing campaign.  

 

A-mazing Kirkwood Home Sales Statistics

2016 Kirkwood Home Sales in Atlanta GA 30317

Homes Sold in Kirkwood 

1Q (Jan-March) 2016 :: See all the latest Kirkwood Homes for Sale
ADDRESS BEDS BATHS LIST PRICE SOLD PRICE BUILT  SQ FT  DOM
1941 Trotti St 4 3 $647,500 $647,500 2015      3,016 13
2045 Dunwoody St 4 3.5 $650,000 $600,000 2015      2,522 90
96 Bates Ave 4 3 $599,900 $588,000 2008      3,400 14
1896 Hosea L Williams 4 3.5 $550,000 $545,000 2006      2,220 4
1985 Hallman St 4 3.5 $549,900 $542,500 2007      3,085 33
36 Rogers St 4 2.5 $535,000 $535,000 2011      2,136 10
357 Murray Hill Ave 3 2.5 $524,900 $510,000 2013      2,096 128
354 Murray Hill Ave 5 3 $549,000 $509,000 2002      3,195 117
196 Mellrich Ave 4 3 $499,000 $497,000 1947      2,200 10
2285 Hosea L Williams 3 2.5 $525,000 $495,000 2006      3,160 149
40 Montgomery St 4 3 $484,900 $485,000 2015      2,480 120
174 Warren St 5 2.5 $499,900 $475,000 1920      2,600 55
40 Clifton St 3 3 $449,900 $447,000 2006      2,101 4
2131 College Ave 3 2.5 $429,900 $438,400 2015      2,350 46
97 Clay St 4 3 $439,900 $436,900 2015      2,400 14
2129 College Ave 3 3 $429,900 $429,900 2015      2,350 104
1665 Stanwood Ave 3 2.5 $429,000 $426,000 1947      1,863 11
51 Kirkwood Rd 3 1.5 $424,000 $424,000 1920      1,691 5
248 Sisson Ave 4 2 $419,900 $412,000 1955      2,242 69
44 Wyman St 3 2 $399,900 $400,000 1925      1,600 9
110 Warren St 3 2 $385,000 $391,000 1915      1,784 6
1673 Stanwood 3 2 $374,900 $374,900 1937      1,584 3
227 Murray Hill Ave 3 2 $349,900 $357,500 1968      1,130 6
2029 Emery Place 3 2 $355,000 $355,000 1910      1,332 4
218 Locust St 3 2 $350,000 $330,000 1948      1,500 191
129 Norwood Ave 3 2 $325,000 $325,000 1925      1,160 28
2279 Sutton St 3 2 $299,900 $303,000 1923      1,326 7
98 Dearborn St 2 2 $279,900 $295,000 1954      1,213 4
103 Clifton St 2 1.5 $279,000 $295,000 1925      1,320 3
236 Mellrich Ave 2 2 $284,900 $286,000 1952      1,170 6
167 Norwood Ave 4 2.5 $375,900 $250,000 1920      1,949 73
2042 Oakview Rd 4 2 $225,000 $240,000 1954      1,272 7
1654 Eastport Terr 3 2 $229,900 $229,900 1947      1,349 167
33 Clifton St 3 1.5 $250,000 $228,000 1962      1,329 37
1595 Paxon St 3 3 $329,000 $225,000 1950      1,664 57
2280 1st Ave 2 1 $185,000 $215,000 1950         910 5
140 Wyman St 3 1 $200,000 $188,000 1947      1,011 87
2306 Sutton St 2 1 $170,000 $181,600 1925      1,320 8
166 Woodbine Cir 3 1 $120,000 $112,000 1950      1,224 34
139 Campbell St 3 2 $142,000 1928      1,084 5
Kirkwood home sales data extracted by Kerry Lucasse from the Atlanta FMLS on April 8, 2016.  Information is deemed reliable but is subject to change.  If you would like us to send you a full report of all the Kirkwood homes sold (including photos), please call or text Kerry at 404-432-1844.

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See the Kirkwood Real Estate Market Report for 2015 (Full Year Review)

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Have questions about the Kirkwood Atlanta real estate market and or your home's current value?  

Call your Kirkwood neighbor, Kerry Lucasse anytime at 404-432-1844.  

Or visit us at:  inKirkwood.com